CIO: Attain pinpoint transparency and control while reducing risk

Visualizations on where you spend, how you spend, and with whom you spend your investment dollars in real-time for the C Suite is invaluable to me.

- Michael A. Azarian, Advisor and Independent Board Director, Citigroup

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:30 Minutes
to SAVE MILLIONS

The Challenge:

Teams across the organization are able to buy products and enter into agreements independently and invisibly to IT, resulting in non-compliant vendors and a failure to operate as a team.

Identify Business-led IT Spend

Business-led IT spending is growing with no signs of slowing down. 63% of organizations allow technology to be managed outside the IT department, and more than 43% are not even formally involving IT in business-led IT decisions.

The CXO Nexus InCight™ Dashboards reveal all aggregated spend with vendors, making it easy to stay on top of all spend inside and outside of IT.

Ensuring Regulatory Compliance

You learn that you are spending 800% more on a regulated vendor than you were aware, due to multiple resellers and geographical procurement. (Not uncommon).  You are now at risk with regulatory agencies for inaccurately reporting and for spending more on a riskier vendor.

With CXO InCight™ Dashboards you can identify inaccuracies to remain compliant.

Cross-business Collaboration

You lead IT spend and determine that the best solution for your company’s overall data mining needs is a solution with a top vendor for $1.2 million. Unaware that your European subsidiary purchased data mining solutions from a European data mining vendor for $900,000, you realize that your vendor choice can solve the European marketing team’s needs as well.

With these insights, you streamline your overall company spend on data mining and marketing and get even better solutions and value out of your vendor, for less.

Collaborate Across the C-Suite

Eliminate Excess

Eliminate Excess

Identify Spend

Identify Spend

Remove Duplication

Remove Duplication

Identify Vendor Duplication

Identify Vendor Duplication

Negotiation Leverage

Negotiation Leverage

Reduce Monthly Expense

Reduce Monthly Expense

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